Cal. Code Regs. Tit. 18, § 13647 - Advancement
An "advancement," or gift made by an individual during his lifetime to his child or other heir with the intention on the part of the donor that such gift shall represent a part or the whole of that portion of his estate which the child or other heir would inherit upon his death, is subject to the Inheritance Tax Law.
NOTE: Reference: Section 13647, Revenue and Taxation Code.
Notes
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